Cigna To Pay For Poor Notice Of Pension Overhaul

Law360, New York (October 7, 2009, 4:34 PM EDT) -- Cigna Corp. has lost a challenge to a court's order awarding additional pension benefits to employees who sued the health care giant more than eight years ago in a class action over changes to the company's retirement plan.

The U.S. Court of Appeals for the Second Circuit issued a summary order Tuesday affirming Judge Mark Kravitz of the U.S. District Court for the District of Connecticut's finding that Cigna had given its workforce inadequate notice of its 1998 decision to convert its traditional defined benefit plan...
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